STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt named Mikko Salovaara as its chief financial officer ahead of the company’s preparation for an initial public offering. The company, a rival of Uber, was valued at over $8 billion when it raised 628 million euros from investors in January last year. Chief Executive Officer…
By Tim Hepher PARIS (Reuters) – Airbus deliveries increased by 6% in the first half of the year to reach 316 aircraft, industry sources said on Thursday. The European planemaker delivered 72 planes in June, up 20% from 60 in the same month last year and up from 63 in May this year, they added….
(Reuters) – Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup said on Thursday, with expected further rate hikes likely to dent confidence even more. The brokerage cut its fiscal 2024 earnings forecast for electronics retailer JB Hi-Fi, fashion retailer Premier…
By Tommy Wilkes and Patturaja Murugaboopathy LONDON (Reuters) – Equity funds with an environmental, social and governance (ESG) tilt suffered a large loss of investors in the three months to end-June, dragging the sector into a rare net outflow for a first half of the year, data showed. Outflows were driven by economic and regulatory…
By Vuyani Ndaba JOHANNESBURG (Reuters) – Emerging market currencies will hold on to gains into next year provided their respective central banks hold or only moderately prune already-high interest rates that have boosted carry trades, a Reuters poll found on Thursday. The June 30-July 5 poll of 52 currency strategists found as long as most…
A look at the day ahead in European and global markets from Kevin Buckland U.S. policymakers are stealing the spotlight in the markets today, after the Fed cemented its hawkish credentials overnight and Janet Yellen started a trip to China just as Beijing restricts chip-making metal exports. APAC investors clearly took notice, sending stocks sliding…
By Carolina Mandl NEW YORK (Reuters) -European hedge funds have rapidly cut their exposure to U.S. banks since the beginning of the year, while roughly keeping their positioning in European ones, Goldman Sachs told clients in a recent report. Overall, shares in European banks are outperforming U.S. peers as they did not face the deposit…
By Michael Georgy, Lisa Barrington DUBAI (Reuters) -Public fury is growing in the Arab world over one of Israel’s biggest military operations in the occupied West Bank in years, yet Arab states which normalised ties with Israel are unlikely to turn their condemnation of the Israeli assault into action. Thousands of people were evacuated from…
By Rishav Chatterjee (Reuters) -Shares of Bubs Australia pared most of their early losses on Thursday after opening about 9% lower, as the embattled baby formula maker launched a five-point plan to reduce operating expenses and cash burn. Bubs has been focussing on streamlining its businesses locally, in China and the West and said it…
BEIJING/SHANGHAI (Reuters) -China’s export controls on metals used in semiconductors are “just a start”, an influential Chinese trade policy adviser said on Wednesday, as Beijing ramps up a tech fight with Washington days before a visit from U.S. Treasury Secretary Janet Yellen. Shares in some Chinese metals companies rallied for a second session as investors…
